BIZBRIEFS NEW ON THE SCENE
Multi-cancer early detection company GRAIL Inc. announced in June that it will invest more than $100 million into a laboratory facility and warehouse space at Park Point, which over time could create 398 new jobs. The company, headquartered in California, has developed a test that detects more than 50 cancers in one blood draw. GRAIL has leased the Assembly building, totaling 200,000 square feet, and is the first tenant of life sciences campus Park Point in Research Triangle Park. The former Nortel campus was acquired by Trinity Capital, Vanderbilt Partners and Starwood Capital Group in 2019 and is currently undergoing renovations. GRAIL’s projected occupancy date is sometime in the first quarter of 2021.
Kelly Smedley (above right) previously worked at the UNC-Chapel Hill Department of Psychiatry and Bull City Counseling PLLC, and her partner, Christena Raines (below right) worked at the UNC Center for Women’s Mood Disorders, where she helped develop an innovative perinatal mental health treatment model. Waypoint provides both in-person and teletherapy services.
In June, Durham Salt Cave opened at 410 W. Geer St. The business provides halotherapy, also known as “salt therapy,” to treat respiratory ailments and other conditions. It also offers sound therapy and massages.
MOVEMENT AND DEVELOPMENT
Dr. Derick Coe and DJ Coe, father and son, respectively, will open a fitness center called Body Games at 3823 Guess Rd., Ste. G once COVID-19 restrictions are lifted. It will offer physical therapy and massage therapy, one-onone coaching and fitness classes in areas such as yoga, Zumba, boxing and more.
North Carolina accounting firm DMJ & Co. PLLC relocated its Durham office to SouthCourt at 3211 Shannon Rd. “As DMJ continues to grow and offer more services in the Durham and Triangle region, it was important that we identify a location that suited the needs of our clients and our team,” said partner Susan Miller.
Urban Tails Veterinary Hospital opened in June at Golden Belt Campus, and as of press time, offers curbside appointments
Renovion Inc. raised roughly $3.1 million in a private equity offering in May. Since the start of the year, the pharmaceutical company has raised $8.1 million, which, according to a filing with the Securities and Exchange Commission, will go toward paying salaries. Renovion aims to develop treatments for those with chronic inflammatory airway diseases.
Waypoint Counseling & Maternal Wellness PLLC opened in February. The office provides mental health care for women during pregnancy and postpartum, as well as those struggling with infertility, loss or negative feelings. Founder
and remote services via the TeleVet app. Clients can make appointment requests by sending an email to firstname.lastname@example.org.
Compiled by Claire Delano Akridge, a Washington, D.C.based real estate investor and developer, bought 949 Washington St. in downtown for $3 million. They plan to redevelop the Brame Building into a Class-B creative office space. On June 1, BioCryst Pharmaceuticals announced the completion of an underwritten public offering of 22,044,447 shares of its common stock. The offering’s total proceeds came to approximately $115 million, which BioCryst plans to use to develop, manufacture and advertise its products. BioCryst also announced on June 10 that its drug, galidesivir, was effective at halting viral replication of the Zika virus in a trial with primates. The drug has been in development since 2013 and is being explored as a treatment for COVID-19, as patients in Brazil undergo the first phase of this trial. MindPath Care Centers, an outpatient mental health care provider, opened a new location in Durham at the Forest Creek Office Park after it closed a location at New Hope Court. The new office provides treatment for addiction recovery, depression and obsessive-compulsive disorder. “We are committed to providing greater access to essential mental and behavioral health services that will have a positive impact for our patients during these chaotic times,” said Jeff Williams, CEO of MindPath.
The Best of Durham